Drill Problem 14-7 (Algo) [LU 14-2 (1)] Calculate the average daily balance and finance charge on the statement below. Note: Round your answers to the nearest cent. 9/16 9/19 Billing date Payment 9/30 10/3 Charge: Home Depot Payment 10/7 Cash advance Finance charge is 1% on average daily balance. 30-day billing cycle Previous balance Answer is complete but not entirely correct. Average daily balance Finance charge $ 2,662.07 $ 26.62 $ 59 Credit 1,450 59 Credit 69 $ 1,900
Drill Problem 14-7 (Algo) [LU 14-2 (1)] Calculate the average daily balance and finance charge on the statement below. Note: Round your answers to the nearest cent. 9/16 9/19 Billing date Payment 9/30 10/3 Charge: Home Depot Payment 10/7 Cash advance Finance charge is 1% on average daily balance. 30-day billing cycle Previous balance Answer is complete but not entirely correct. Average daily balance Finance charge $ 2,662.07 $ 26.62 $ 59 Credit 1,450 59 Credit 69 $ 1,900
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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